Morning Peeps,
Check this out:
Quote:
PASADENA, Calif. & OSLO, Norway--(BUSINESS WIRE)--Feb. 25, 2003--
In Combination with Planned Purchase of AltaVista, Overture is Now Well-Positioned to Create the Next Generation of Internet Search
Overture Services, Inc. (Nasdaq:OVER), the world's leading provider of Pay-For-Performance search to Web sites across the Internet, today announced that it has signed a definitive agreement to acquire the Web search unit of Norway-based Fast Search & Transfer (OSE:FAST), a leading developer of search and real-time filtering technologies, for $70 million in cash, as well as a performance-based cash incentive payment of up to $30 million over three years. The deal is expected to close by April.
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So, first its AltaVista here recently...and now FAST (Alltheweb.com)! I mean what the hell?
I'm guessing there are some puckered anuses over at Google today!
I will say this though...talk about a front row seat to one of the biggest corporate chess matches online! This should be interesting.
